Bitcoin, the popular asset in the cryptocurrency markets, continues to fluctuate above a critical level of $70,000. This situation brings questions among investors about whether Bitcoin will gain value. An analyst provides important information to investors about the future of Bitcoin.
Analyst’s Bitcoin Assessment
Analyst from Stockmoney Lizards stated that efforts to create FUD (fear, uncertainty, and doubt) around Bitcoin and some whales making manipulative moves for several months. The analyst expresses that these moves contradict market dynamics and informs investors by addressing four important findings about Bitcoin’s price movements.
Four Findings the Analyst Highlighted
The analyst states that the halving and market cycles last for approximately 1,300 to 1,400 days, and these periods remain stable. In addition to bear and bull cycles, the freezing periods also need to be examined, and he explains that these periods are gradually changing.
Other Factors Indicated by the Analyst
As a third point, the analyst lists investment funds (ETF) narratives, record levels before the new halving period, and a strong investor base as supportive factors. As a fourth finding, he emphasizes the market’s maturation and the shift in supply/demand balance in favor of demand, indicating that sudden declines in bear markets are being replaced by milder corrections.
Ultimately, the analyst believes that the likelihood of a significant decline in the current market conditions is low and that the upcoming halving event could trigger a new period of growth.
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